Over Budget of $1,132,164
Transfer to Reserves + Interest - $40,112 – YTD $239,738
Monthly Assessment Delinquencies YTD (66) - $18,307 with 24 units involved including 10 with 2 or more months owing for this year and 6 long term units.
Operations Operating Cash Balance - $561,398 Liabilities in Operations - $184,944 Excess in Operations - $376,454 Notes to Operations:
YTD operating expenses are showing ($14,843) more than budgeted.
Monthly operating expenses for June show ($23,108) more than budgeted o Administration ($1,582) over budget
Salaries and Wages – ($1,008) more than budgeted – due to overtime costs o Utilities ($3,177) over budget
Electricity – ($2,175) over budget due to averaging over 12 months.
Water and Sewer – shows ($1,587) under budget due to averaging over 12 months. o Repairs & Maintenance ($11,522) over budget
Common Area Maintenance – ($6,180) over budget due to repairs and modifications to fitness room
